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1101 Gregory Street & 919 Fetick Avenue, Taft, TX, 78390

The Lofts At Taft

CONTACT BROKER

Key Information

Tot. SF
26,570
Units
35
Year Built
1969/1975
Type
Apartments
NOI
$79,101

Highlights

• Renovate the remaining classic unit interiors to reposition the asset and push rents toward market.
• Capture new ancillary income by offering washer/dryer rentals to tenants.
• Implement a RUBS program to bill back water, sewer, and trash costs and reduce the expense burden.
• Add a fee for the property’s existing covered parking spaces to generate additional monthly revenue.
• This offering consists of a two-property portfolio totaling 35 units in Taft, Texas. The combined scale provides a new owner with immediate operational efficiency and meaningful market presence in a tightly held small-market submarket.
• Ownership has invested more than $335,000 in capital improvements over the past 12 months. This recent reinvestment has addressed key building systems and materially reduces near-term capital exposure for the next owner.
• Three of the four roofs at 1101 Gregory St were replaced at the beginning of 2026, along with one roof at the 919 Fetick Ave property. This recent roof work addresses one of the largest deferred-maintenance risks across the portfolio and provides the next owner long-term peace of mind on the assets’ most critical component.
• Both properties sit within comfortable walking distance of Taft Middle School and High School. This proximity is a meaningful draw for the family renters that anchor demand in the local housing market.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204